Latest news with #DannyVena
Yahoo
10-07-2025
- Business
- Yahoo
Why Kellogg Stock Skyrocketed as Much as 33% on Thursday
Reports emerged late Wednesday that a potential deal was in the works. Kellogg announced Thursday morning that it would be acquired by Italian company Ferrero. 10 stocks we like better than WK Kellogg › Shares of WK Kellogg (NYSE: KLG) charged sharply higher Thursday, surging as much as 33.7%. As of 10:40 a.m. ET, the stock was still up 33.6%. The catalyst that sent the iconic cereal maker soaring was news that the company would be taken private. Reports emerged late Wednesday that Kellogg, purveyor of such well-known cereal brands as Frosted Flakes, Fruit Loops, and Mini Wheats, was being courted by Italian confectionery maker Ferrero, which is best known for its Nutella, Ferrero Roche, Kinder, and Keebler brands, according to an exclusive report in The Wall Street Journal. In a press release that dropped before the market opened on Thursday, Kellogg announced that it had entered into a definitive agreement to be acquired by Ferrero. Kellogg shareholders will receive $23 per share in an all-cash deal, and roughly 40% higher than recent share prices. The deal values the cereal maker at roughly $3.1 billion in total enterprise value. Ferrero noted the acquisition was the next step in its growth strategy of expanding its reach into "renowned, beloved brands with strong consumer relevance." Under the terms of the agreement, which has been unanimously approved by its board of directors, Kellogg will become a wholly owned subsidiary of Ferrero. The deal is also being supported by the W.K. Kellogg Foundation Trust and the Gund Family, which own roughly 21.7% of outstanding shares and have committed to vote in favor of the transaction. The agreement is subject to approval by regulators and Kellogg shareholders, and is expected to close in the second half of 2025. The company has undergone a transformation in recent years. In late 2023, Kellogg's North American cereal business was spun off from the predecessor company, which was rebranded Kellanova and retained the company's snack food brands, including Pringles and Cheez-It, and its frozen food brand Morningstar Farms. Before you buy stock in WK Kellogg, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and WK Kellogg wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $694,758!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $998,376!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Danny Vena has no position in any of the stocks mentioned. The Motley Fool recommends WK Kellogg. The Motley Fool has a disclosure policy. Why Kellogg Stock Skyrocketed as Much as 33% on Thursday was originally published by The Motley Fool
Yahoo
11-06-2025
- Business
- Yahoo
Why Shopify Stock Bounded Higher on Wednesday
Shopify is partnering with Sovos to automate the filing of sales tax returns. Each new product or feature makes the platform stickier, reducing the likelihood of merchant churn. Despite its impressive returns, Shopify is attractively priced. 10 stocks we like better than Shopify › Shares of Shopify (NASDAQ: SHOP) charged sharply higher on Wednesday, climbing as much as 6.4%. As of 1:59 p.m. ET, the stock was still up 5.7%. While the broader market updraft likely helped fuel its ascent, the e-commerce platform provider announced it was adding a new tool to help merchants succeed. Shopify announced a partnership with compliance specialist Sovos to launch Shopify Tax automated filing, a new tool that simplifies the preparation and submission of sales tax returns for Shopify users. This new feature is available immediately to eligible merchants in the U.S. The Sales and Use Tax Filing solution is integrated deeply into Shopify's systems, helping create and submit sales tax returns. This significantly reduces the amount of time needed to manage sales tax compliance, while also helping to minimize the risk of an audit. One of the biggest attractions for Shopify merchants is having all the tools they need to simplify running their business right at their fingertips. Shopify offers a wide range of these tools, helping entrepreneurs build websites, automate marketing, manage inventory, handle shipping and logistics, and accept and process payments. There's a lot for investors to like as well. In the first quarter, revenue rose 27% year over year, while free cash flow jumped 56%. Excluding the changes in the value of its equity investments, Shopify's net income climbed 56%. Finally, the company's consistent performance has fueled stock price gains of 236% over the past three years. Shopify currently sells for 94 times earnings and 16 times sales, but this fails to account for the company's consistent growth. Using the more appropriate price-to-earnings growth (PEG) ratio, which factors in that growth, results in a multiple of 0.04 -- when any number less than 1 is the standard for an undervalued stock. Before you buy stock in Shopify, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Shopify wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,102!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $882,344!* Now, it's worth noting Stock Advisor's total average return is 996% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Danny Vena has positions in Shopify. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy. Why Shopify Stock Bounded Higher on Wednesday was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Two Key Developments Sparked a Rally for Nvidia Stock on Tuesday
Nvidia investors have been concerned about the state of AI adoption. Two announcements over the past 24 hours suggest that the secular tailwinds remain strong. Nvidia stock is still attractively priced. These 10 stocks could mint the next wave of millionaires › Shares of Nvidia (NASDAQ: NVDA) were off to the races on Tuesday, climbing as much as 6.4%. As of 11:35 a.m. ET, the stock was still up 5.6%. The catalyst that sent the artificial intelligence (AI) chipmaker higher was news that the company could gain greater access to two important markets. A story broke late Monday that the Trump administration was considering a deal that would involve a large-scale sale of AI-centric chips to G42, a company located in the United Arab Emirates, according to a report in The New York Times. The deal could send hundreds of thousands of graphics processing units (GPUs) to the Emirati AI specialist and its U.S. partner, OpenAI. Then, less than 24 hours later, Nvidia announced a strategic partnership with Saudi Arabian company Humain to sell more than 18,000 AI-centric chips. These state-of-the-art GB300 Blackwell chips will power a 500-megawatt data center in the Middle Eastern country. These reports come on the heels of the Trump administration's decision to rescind the so-called AI Diffusion Rule, which would have limited the sale of Nvidia's most advanced processors in the region. Investors have been concerned that stricter controls on the sale of GPUs to companies outside the U.S. would hamstring Nvidia, casting doubt on the company's potential for future growth. The willingness of the Trump administration to revise these rules seems like it is opening up new opportunities for Nvidia. And at just 29 times next year's expected earnings, Nvidia stock is attractively priced. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $318,970!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $40,016!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $598,613!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of May 12, 2025 Danny Vena has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Two Key Developments Sparked a Rally for Nvidia Stock on Tuesday was originally published by The Motley Fool
Yahoo
01-05-2025
- Business
- Yahoo
Why Okta Stock Barreled Higher Tuesday Morning
Shares of Okta (NASDAQ: OKTA) charged out of the gate Tuesday, gaining as much as 8.9%. As of 2:13 p.m. ET, the stock was still up 8.2%. The catalyst that sent the cybersecurity specialist higher was word that its stock would be added to a premier index early next month. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » In a press release that dropped after the market close yesterday, S&P Global announced that Okta would be added to the S&P MidCap 400 index prior to the start of trading on Thursday, May 1. The stock will be replacing Berry Global Group. Late last year, S&P 500 member company Amcor announced its intention to acquire Berry in a deal valued at $13 billion. The combination got the blessing of regulators and approval from shareholders in March, and the deal is expected to close by mid-2025. The merger will effectively remove Berry from the index, so S&P Global was being proactive. While it won't have any impact on Okta's financial or operating results, it's generally a positive development when a stock is added to an index. The move increases demand for the shares from index funds, as well as from institutional and passive investors, as they purchase the stock to match the composition of the index in question. This, in turn, puts upward pressure on the stock price -- at least in the short term. Okta has been in the midst of a turnaround, and the company's fiscal 2025 fourth-quarter results were promising. Revenue of $682 million climbed 13% year over year, while its adjusted earnings per share (EPS) of $0.78 jumped 24%. The company easily surpassed analysts' consensus estimates on both counts. Perhaps more promising was management's guidance for 2026 revenue of roughly $2.855 billion and adjusted EPS of $3.17, both at the midpoint of Okta's guidance. Both were ahead of Wall Street's expectations. After a high-profile security breach derailed the company's progress, Okta appears to be back on track, giving shareholders a boost of confidence in the process. Before you buy stock in Okta, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Okta wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $598,818!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $666,416!* Now, it's worth noting Stock Advisor's total average return is 872% — a market-crushing outperformance compared to 160% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 28, 2025 Danny Vena has positions in Okta. The Motley Fool has positions in and recommends Amcor Plc, Okta, and S&P Global. The Motley Fool has a disclosure policy. Why Okta Stock Barreled Higher Tuesday Morning was originally published by The Motley Fool
Yahoo
15-04-2025
- Business
- Yahoo
Why Netflix Stock Barreled Higher on Tuesday
Shares of Netflix (NASDAQ: NFLX) charged sharply higher on Tuesday, surging as much as 6.7%. As of 2:49 p.m. ET, the stock was still up 5.5%. The catalyst that propelled the streaming pioneer higher was a report that suggested the company has its sights set on impressive growth over the next five years. Netflix, which has already been one of the stock market's star performers over the past couple of years, has ambitious goals for the future. The company generated revenue of $39 billion in 2024 but has plans to double its top line to $78 billion by 2030, according to a report in The Wall Street Journal. Management announced a multipronged plan to achieve this goal. Netflix is working to boost subscriptions in the company's overseas markets, with an emphasis on areas with high broadband penetration, including Brazil and India, among others. Netflix closed out last year with more than 301 million subscribers and plans to reach 410 million by the end of the decade. The company also wants to generate $9 billion in ad sales over the coming five years. Netflix previously announced that its ad-supported tier had reached 70 million users. In the fourth quarter, signups for that plan increased 30% quarter over quarter and represented 55% of new subscribers in the countries where advertising is shown. Perhaps most ambitiously, management has a goal of tripling Netflix's operating income by 2030, to more than $31 billion, up from $10.4 billion in 2024. Netflix currently has a market cap of roughly $419 billion (as of this writing) but wants to achieve a market cap of $1 trillion by 2030. The company currently sports a price-to-sales (P/S) ratio of roughly 11. If its P/S remains constant and Netflix achieves its lofty top- and bottom-line growth goals, membership in the $1 trillion club is clearly within its grasp. Of course, a lot of things will have to go right for Netflix to reach this benchmark, but given the company's track record of performance, it certainly seems like an attainable goal. Before you buy stock in Netflix, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Netflix wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $502,231!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $678,552!* Now, it's worth noting Stock Advisor's total average return is 800% — a market-crushing outperformance compared to 156% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 14, 2025 Danny Vena has positions in Netflix. The Motley Fool has positions in and recommends Netflix. The Motley Fool has a disclosure policy. Why Netflix Stock Barreled Higher on Tuesday was originally published by The Motley Fool Sign in to access your portfolio
